Thomas Mandia - Western Asset Assistant Secretary

DMO Fund

USD 11.97 0.01 0.08%

Thomas Mandia is Fund Manager at Western Asset Mortgage

Age	59
Tenure	7 years
Phone	800-822-5544
Web	https://individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1434&cached=true&mode=2&userID=355661&mktcd=DMO

Thomas Mandia Latest Insider Activity

Tracking and analyzing the buying and selling activities of Thomas Mandia against Western Asset fund is an integral part of due diligence when investing in Western Asset. Thomas Mandia insider activity provides valuable insight into whether Western Asset is net buyers or sellers over its current business cycle. Note, Western Asset insiders must abide by specific rules, including filing SEC forms every time they buy or sell Western Asset'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Thomas Mandia over six months ago

Western AssetClaymore exotic insider transaction detected

Western Asset Management Performance (%)

The company has Return on Asset of 3.04 % which means that on every $100 spent on assets, it made $3.04 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (3.99) %, meaning that it generated no profit with money invested by stockholders. Western Asset's management efficiency ratios could be used to measure how well Western Asset manages its routine affairs as well as how well it operates its assets and liabilities.

Compare Western Asset to Peers

Manager Performance

Western Asset Mortgage has 84.31 M in debt with debt to equity (D/E) ratio of 0.56, which is OK given its current industry classification. Western Asset Mortgage has a current ratio of 0.09, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Western Asset until it has trouble settling it off, either with new capital or with free cash flow. So, Western Asset's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Asset Mortgage sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Asset's use of debt, we should always consider it together with cash and equity.

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Western Asset Mortgage Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. Western Asset Mortgage Opportunity Fund Inc. was formed on December 11, 2009 and is domiciled in the United States. Western Asset operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is classified under Delaware Funds by Macquarie family.

Management Performance

	Return On Equity	-3.99
	Return On Asset	3.04

Western Asset Mortgage Leadership Team

Elected by the shareholders, the Western Asset's board of directors comprises two types of representatives: Western Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Asset's management team and ensure that shareholders' interests are well served. Western Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jennifer Berg, Treasurer
	Daniel Cronin, Independent Director
	Christopher Berarducci, Treasurer and Principal Financial Officer
	Todd Kuehl, Chief Compliance Officer
	Jane Trust, Chairman of the Board, President, Chief Executive Officer, Trustee/ Director
	Jeanne Kelly, Senior Vice President
	Robert Frenkel, Secretary, Chief Legal Officer
	Eileen Kamerick, Independent Director
	Nisha Kumar, Independent Director
	Paolo Cucchi, Independent Director
	Robert Agdern, Independent Director
	Richard Sennett, Principal Financial Officer
	Carol Colman, Independent Director
	William Hutchinson, Lead Independent Director
	Thomas Mandia, Assistant Secretary
	George Hoyt, Secretary, Chief Legal Officer
	Jenna Bailey, Identity Theft Prevention Officer
	Fred Jensen, Chief Compliance Officer

Western Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Western Asset a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

	Return On Equity	-3.99
	Return On Asset	3.04
	Profit Margin	(43.80) %
	Operating Margin	82.53 %
	Current Valuation	205.85 M
	Shares Outstanding	11.33 M
	Shares Owned By Institutions	44.73 %
	Number Of Shares Shorted	6.55 K
	Price To Earning	6.07 X
	Price To Book	0.75 X

Pair Trading with Western Asset

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Asset position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Asset will appreciate offsetting losses from the drop in the long position's value.

Moving together with Western Fund

0.73	OASVX	Optimum Small Mid	Pair Corr
0.68	OCSGX	Optimum Small Mid	Pair Corr
0.85	WCEAX	Ivy E Equity	Pair Corr

Moving against Western Fund

0.54	DLHIX	Delaware Healthcare	Pair Corr
0.54	DLHAX	Delaware Healthcare	Pair Corr
0.41	DVCTX	Delaware Tax Free	Pair Corr
0.37	DTICX	Delaware Limited Term	Pair Corr
0.34	CXHYX	Delaware National High	Pair Corr

The ability to find closely correlated positions to Western Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Asset Mortgage to buy it.

The correlation of Western Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Asset Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Western Asset can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Western Fund

Western Asset financial ratios help investors to determine whether Western Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Asset security.

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